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Nonprofiteer
← CHI OMEGA FOUNDATION

Form 990 for tax year 2023

Filed by CHI OMEGA FOUNDATION.

Totals

Total revenue
$12,639,643
Total expenses
$4,813,991
Contributions and grants received
$10,767,316
Grants paid
$2,504,531
Program service revenue
$148,619
Investment income
$1,723,708
Other revenue
$0
Total assets, end of year
$57,486,092
Total liabilities, end of year
$933,310
Net assets or fund balances, end of year
$56,552,782
Program services expenses (Part IX)
$3,163,898
Management and general expenses
$683,521
Fundraising expenses
$966,572
Program service expenses (Part III)
$3,163,898

Program services were 65.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $10,767,316

  • 1g · Noncash contributions included above

    $265,009

  • 2a · Program service revenue: RENTAL INCOME - (CHI OMEGA FRATER

    total $88,511 · related or exempt $88,511

  • 2b · Program service revenue: SERVICE FEE INCOME

    total $60,108 · related or exempt $60,108

  • 3 · Investment income

    total $1,631,158 · excluded $1,631,158

  • 7a · Gross sales of assets other than inventory

    securities $229,388

  • 7b · Less cost or other basis and sales expenses

    securities $136,838

  • 7c · Gain or loss

    securities $92,550

  • 7d · Net gain or loss

    total $92,550 · related or exempt $92,550

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,076,132 · program services $2,076,132

  • 2 · Grants to domestic individuals

    total $428,399 · program services $428,399

  • 5 · Compensation of officers, directors and key employees

    total $226,186 · program services $31,118 · management and general $124,473 · fundraising $70,595

  • 7 · Other salaries and wages

    total $623,992 · program services $107,461 · management and general $212,198 · fundraising $304,333

  • 8 · Pension plan contributions

    total $26,807 · program services $4,290 · management and general $10,723 · fundraising $11,794

  • 9 · Other employee benefits

    total $28,460 · program services $4,711 · management and general $11,173 · fundraising $12,576

  • 10 · Payroll taxes

    total -$2,271 · program services -$363 · management and general -$909 · fundraising -$999

  • 11b · Fees: legal

    total $19,828 · program services $13,078 · management and general $6,750

  • 11c · Fees: accounting

    total $30,762 · management and general $30,762

  • 11e · Fees: professional fundraising services

    total $76,618 · fundraising $76,618

  • 17 · Travel

    total $107,962 · management and general $22,954 · fundraising $85,008

  • 22 · Depreciation, depletion and amortization

    total $177,027 · program services $127,459 · management and general $49,568

  • 23 · Insurance

    total $65,229 · program services $18,842 · management and general $7,328 · fundraising $39,059

  • 24a · Other expenses: COMPUTER SERVICES AND S

    total $137,351 · program services $87,894 · management and general $34,125 · fundraising $15,332

  • 24b · Other expenses: CONVENTION, FIRESIDES A

    total $125,782 · fundraising $125,782

  • 24c · Other expenses: DIRECT MAIL

    total $125,657 · fundraising $125,657

  • 24d · Other expenses: UTILITIES

    total $102,440 · program services $73,757 · management and general $28,683

  • 24e · All other expenses

    total $437,630 · program services $191,120 · management and general $145,693 · fundraising $100,817

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,004 · end of year $279,408

  • 2 · Savings and temporary cash investments

    beginning of year $3,230,858 · end of year $4,066,487

  • 3 · Pledges and grants receivable

    beginning of year $1,961,718 · end of year $3,111,402

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,731 · end of year $50,172

  • 10a · Land, buildings and equipment: cost or other basis

    $6,749,417

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,678,179

  • 10c · Land, buildings and equipment, net

    beginning of year $2,220,225 · end of year $2,071,238

  • 11 · Investments: publicly traded securities

    beginning of year $39,040,497 · end of year $47,760,515

  • 15 · Other assets

    beginning of year $31,786 · end of year $146,870

  • 17 · Accounts payable and accrued expenses

    beginning of year $766,724 · end of year $813,303

  • 25 · Other liabilities

    beginning of year $46,219 · end of year $120,007

  • 27 · Net assets without donor restrictions

    beginning of year $5,952,686 · end of year $6,388,477

  • 28 · Net assets with donor restrictions

    beginning of year $39,808,190 · end of year $50,164,305

Mission and programs · 2023

Mission

THE CHI OMEGA FOUNDATION SUPPORTS EDUCATIONAL & LEADERSHIP DEVELOPMENT THROUGH SCHOLARSHIPS, GRANTS AND OTHER LEARNING OPPORTUNITIES.

Activities or mission (Part I)

TO SUPPORT EDUCATIONAL & LEADERSHIP DEVELOPMENT THROUGH SCHOLARSHIPS, GRANTS & LEARNING OPPORTUNITIES.

  • SCHOLARSHIPS AND AID TO MEMBERS IN NEED: THE FOUNDATION AWARDS ANNUAL SCHOLARSHIPS TO QUALIFIED RECIPIENTS FOR UNDERGRADUATE AND GRADUATE EDUCATIONAL PURSUITS. SCHOLARSHIPS ARE AWARDED BASED ON MULTIPLE FACTORS INCLUDING ACADEMIC MERIT, LEADERSHIP WITHIN THE ORGANIZATION, FINANCIAL NEED AND FIELD OF STUDY. THE FOUNDATION PROVIDES EMERGENCY AID GRANTS TO QUALIFYING MEMBERS WHO ARE EXPERIENCING UNEXPECTED TIMES OF NEED DUE TO FINANCIAL, MEDICAL OR DISASTER SITUATIONS.

    Expenses $428,399 · Grants $428,399

  • EDUCATIONAL PROGRAMMING: THE FOUNDATION SUPPORTS THE DEVELOPMENT AND IMPLEMENTATION OF EDUCATIONAL AND LEADERSHIP PROGRAMMING TO OVER 270,000 MEMBERS THROUGH IN PERSON AND VIRTUAL LEARNING SETTINGS. PROGRAMMING FOSTERS PERSONAL GROWTH AND PREPARES COLLEGIANS AND ALUMNAE TO SERVE AS LEADERS. THROUGH THIS TRAINING, MEMBERS EXPERIENCE EXTENSIVE PERSONAL GROWTH AND IN TURN SHARE THEIR KNOWLEDGE AND SKILLS WITH OTHERS ON THEIR CAMPUSES AND IN THEIR COMMUNITIES.

    Expenses $789,810 · Grants $789,810

  • EDUCATIONAL AREA HOUSING GRANTS AND HEADQUARTERS PRESERVATION ENHANCEMENTS: EDUCATIONAL AREA HOUSING GRANTS TO CHI OMEGA HOUSE CORPORATIONS TO SUPPORT THE EDUCATIONAL PORTION OF CHAPTER HOUSING. THE FOUNDATION PRESERVES AND MAINTAINS THE CHI OMEGA EXECUTIVE HEADQUARTERS THAT HOUSES ADMINISTRATIVE, PROGRAM AND CUSTOMER SERVICES AS WELL AS DISPLAYS CHI OMEGA'S IMPACT ON WOMEN'S HISTORY.

    Expenses $1,286,323 · Grants $1,286,323

  • OTHER PROGRAM SERVICE EXPENSES ARE MADE UP OF THE EDUCATIONAL PORTION OF EXPENSES TO MAINTAIN AND OPERATE THE CHI OMEGA EXECUTIVE HEADQUARTERS.

    Expenses $659,366

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ann Bradshaw

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Laura Miller

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Danna Redmond

    SECRETARY AS OF 6/1/23

    Total calculated
    $0
    Hours/week
    10

  • Letitia Fulkerson

    TREASURER

    Total calculated
    $0
    Hours/week
    20

  • Kelly Bingel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Dana Kleine

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Susan Miller Bush

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Gail Muncrief As Of 6123

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Anna Buckner

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Nancy Laurie

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Cathey Humphreys

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Laura Connor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Jan Heck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Corinna Casey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Erin Packwood

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Sally Kimball

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $146,143
    From this org
    $139,172
    From related orgs
    $0
    Other
    $6,971
    Hours/week
    40

  • Holly Bailey

    DIRECTOR OF FINANCE

    Total calculated
    $93,560
    From this org
    $84,360
    From related orgs
    $0
    Other
    $9,200
    Hours/week
    30

  • Claire White

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
9 September 2024
IRS schema version
2023v5.1
Source object
202432549349300608

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.